Solar Integrated Roofing Corp.’s (OTC: SIRC) Strategy To Focus In 2023 On Commercial ‘Community Solar Projects’ For Large Multi-Family Roof Instal-lations Targeted To Lower Income Residents Dovetails With President Biden’s Inflation Reduction Act (IRA) Efforts To Provide Subsidies That Bring Community Solar To Residents Who Otherwise Would Not Be Able To Share The Benefits Of Solar Energy; David Massey, SIRC CEO, Details The Strategy In Webcast Update
Solar Integrated Roofing Corp.’s (OTC: SIRC) strategy to focus in 2023 on Commercial ‘Community Solar Projects’ for large multi-family roof installations targeted to lower income residents dovetails with President Biden’s Inflation Re-duction Act (IRA) efforts to provide vendor subsidies that bring Community Solar Projects to residents who otherwise would not be able to share the benefits of Solar Energy. David Massey, SIRC CEO, details the strategy in a Webcast Update. Massey told shareholders and financial investors that the community solar concept will be important to SIRC’s revenues this year. SIRC foresees an 80%-20% commercial-to-residential solar focus in 2023. “Community solar projects will be a big part of the future. We would put solar on a big commercial roof and provide solar energy to low income residents. This is going to be the big change and we’re really going to focus on that in the second half of 2023 moving into 2024,” Massey says. See his remarks and the entire Webcast at https://www.youtube.com/watch?v=Aa4zOVhscQE.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
This is an important new opportunity for SIRC in 2023 and 2024. By participating in the ‘Community Solar Project’ program, as part of President Biden’s passed Inflation Reduction Act (IRA), SIRC is proving to its shareholders and the financial community at large its commitment to growing, providing alternative energy to a broader segment of the consumer population and extending its commercial solar activity — backed by the priority and subsidies of the US government.
He also discussed several other private commercial solar projects, such as the $70 million commercial solar installation by SIRC at Callaway Farms. “This will be my pet project — I will have boots on the ground. I’m excited about all of them,” Massey said.
Appearing with Troy Clymer, COO, Massey is also prioritizing closing the an-nounced AVCO Roofing acquisition. He called it a ‘wonderfully run’ company which generated $21 million in revenues in FY 2022 last year. “I’m excited about their team,” Massey said.
• Massey said SIRC is not immediately interested in another acquisition. It is fo-cused instead on organic-driven profitability and increasing its Market Cap. He said its future funding would be ‘driven’ by Market Cap levels. “If we found a jewel, we would act on it,” he stressed.
• Troy Clymer, COO, said SIRCs new Finance Division would deliver a $2 million profit this year. “It is currently in Beta testing and will ‘MVP’ launch in June, he said. He added that SIRC would be debuting its new website on April 1.
• In its focus on on raising profitability and raising its Market Cap, SIRC has de-cided against trying to up list to NASDAQ at this time — although it is still looking at OTCQB or OTCQX.
Source: Stock Market Press
Join Stock Market Press’ newsletter for the latest in IPO, market commentary and compa-ny profiles.
Stock Market Press is a financial news company that delivers up to date stock news, in-troduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Stock Market Press
110 Wall St.
New York, NY 10005 firstname.lastname@example.org https://twitter.com/PressStock
Safe Harbor Statement:
Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activi-ties or other future events or conditions. These statements are based on current expecta-tions, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual out-comes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press under-takes no obligation to update any forward-looking statement to reflect events or circum-stances after the date of this news release.
See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press